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950 Simms St 21,000 SF 100% Leased Flex Building Lakewood, CO 80401 $7,016,279 CAD ($334.11 CAD/SF) 9.46% Cap Rate
Executive Summary
±22,800 SF across 3 freestanding buildings
Retail/showroom exposure on heavy traffic Simms St.
(30,000 VPD)
Fenced and fully paved yard (Two (2) acres) with three (3)
drive-in doors and one (1) dock high door
7 minute walk from Oak Street Light Rail in the very tight
West Denver submarket
Highly accessible to 6th Avenue & I-70
Building is 2/3 leased to 2 tenants with an in-place net
income of $435,254 (7% capitalization rate) and a proforma
annual net rent of $468,254 or a 9.46% capitalization rate.
Retail/showroom exposure on heavy traffic Simms St.
(30,000 VPD)
Fenced and fully paved yard (Two (2) acres) with three (3)
drive-in doors and one (1) dock high door
7 minute walk from Oak Street Light Rail in the very tight
West Denver submarket
Highly accessible to 6th Avenue & I-70
Building is 2/3 leased to 2 tenants with an in-place net
income of $435,254 (7% capitalization rate) and a proforma
annual net rent of $468,254 or a 9.46% capitalization rate.
Property Facts
| Price | $7,016,279 CAD | Rentable Building Area | 21,000 SF |
| Price Per SF | $334.11 CAD | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1965 |
| Cap Rate | 9.46% | Parking Ratio | 2/1,000 SF |
| Property Type | Flex | Clear Ceiling Height | 18’ |
| Property Subtype | Showroom | No. Dock-High Doors/Loading | 2 |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 1.92 AC | Opportunity Zone |
Yes
|
| Zoning | Industrial | ||
| Price | $7,016,279 CAD |
| Price Per SF | $334.11 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 9.46% |
| Property Type | Flex |
| Property Subtype | Showroom |
| Building Class | C |
| Lot Size | 1.92 AC |
| Rentable Building Area | 21,000 SF |
| No. Stories | 1 |
| Year Built | 1965 |
| Parking Ratio | 2/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
| Zoning | Industrial |
Amenities
- Courtyard
- Fenced Lot
- Mezzanine
- Storage Space
- Air Conditioning
- Balcony
1 1
Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 49-043-00-004 | Improvements Assessment | $696,847 CAD |
| Land Assessment | $266,731 CAD | Total Assessment | $963,577 CAD |
Property Taxes
Parcel Number
49-043-00-004
Land Assessment
$266,731 CAD
Improvements Assessment
$696,847 CAD
Total Assessment
$963,577 CAD
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950 Simms St
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